BIG money, page-63

Hi hicbart,
I don't think my post is misleading. My understanding is that MNS are borrowing US$150m from Sinoma which constitutes the 90% debt component.
from the announcement 31 March 2015 "US$150M (A$196M) financing at commercially competitive rates"
Sinoma are not giving us the money, they are providing the financing facility, which MNS will have to pay back, with interest. The interest component will commence calculation the moment we draw down the first tranche of the funding. I don't have the details of the financing arrangement. It might be possible that interest isn't payable for a period at the commencement but I doubt it. So if MNS borrow the remaining 10% funding requirements then the project is 100% debt funded and in my opinion this is not optimal.
Still interested to hear other opinions.